Dear Traders
Yesterday the Euro fell further at 1.10. With Greece dominating the news, all points out to a significant date after the referendum on sunday, however we may see the Euro move higher before sunday.
The chart bellow shows that the Euro is stabilising after a double bottom support, which indicates a potential move to the upside, is in my opinion, furthermore the potential up-trend is strengthened by a reverse head and shoulders pattern. Should the euro rise above the Head & Shoulders neck line at 1.13520, there could be further up move to 1.27.
Good luck to you all
Yesterday the Euro fell further at 1.10. With Greece dominating the news, all points out to a significant date after the referendum on sunday, however we may see the Euro move higher before sunday.
The chart bellow shows that the Euro is stabilising after a double bottom support, which indicates a potential move to the upside, is in my opinion, furthermore the potential up-trend is strengthened by a reverse head and shoulders pattern. Should the euro rise above the Head & Shoulders neck line at 1.13520, there could be further up move to 1.27.
Good luck to you all